Asian Stocks Drop After Broadcom Outlook, Oil Dips: Markets Wrap
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(Bloomberg) — Asian stocks fell alongside US equity-index futures as the AI-fueled rally that powered global equities to record highs lost momentum after a weak forecast from Broadcom Inc.
Stocks Decline as US-Iran Clashes Drive Oil Higher: Markets Wrap
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(Bloomberg) — A renewed advance in oil sent stocks lower as bond yields rose on concern that an escalation of hostilities between the US and Iran will hinder prospects for a peace deal, with elevated energy costs fueling inflation risks.
Swiss Funds With $270 Billion Plan to Blacklist Big Oil’s Bonds
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(Bloomberg) — Swiss institutional investors managing more than $270 billion in combined assets plan to stop buying debt issued by some of the world’s biggest oil and gas producers.
Switzerland Still in Talks With US as Trump Proposes New Tariffs
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(Bloomberg) — Switzerland said it remains in talks with the US after Washington proposed fresh tariffs on imports from major trading partners, adding that negotiations to finalize a broader trade deal are continuing.
Partners Caps Evergreen Fund Redemptions as Requests Rise
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(Bloomberg) — Partners Group Holding AG is capping withdrawals at one of its evergreen private equity funds amid heightened redemption pressure, as the investor anxiety that hit private credit vehicles shows signs of spilling over to other asset classes within private markets.
Swiss Population Cap Opponents Gain Lead for First Time in Polls
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(Bloomberg) — A proposal to cap Switzerland’s population at 10 million people has lost ground among voters, with opposition to the idea now above 50% for the first time, according to final polls before a national vote this month.
S&P 500 Tops 7,600 as AI Fuels Nine-Day Win Streak: Markets Wrap
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(Bloomberg) — A revival of the artificial-intelligence trade kept driving Wall Street momentum, with stocks also rising on hopes for an agreement that would end the war that has roiled financial markets around the world.
UBS Sells $1.5 Billion AT1, First Since Swiss Reform Pause
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(Bloomberg) — UBS Group AG raised $1.5 billion of Additional Tier 1 capital in US dollars, its first foray into the market since Switzerland paused plans to tighten rules on the riskiest type of bank debt.
Nestlé CEO Says Lower Coffee, Cocoa Costs Will Boost Margins
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(Bloomberg) — Nestlé SA Chief Executive Officer Philipp Navratil said lower coffee and cocoa prices should help improve margins this year as the foodmaker works to reignite growth.
Ex-NFL Owner Dan Snyder Becomes Pictet Client After US Exit
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(Bloomberg) — Former Washington Commanders owner Dan Snyder has tapped Banque Pictet & Cie SA to help manage the proceeds from the National Football League team’s $6 billion sale, one of the biggest-ever US sports deals.
SNB Has No Exchange Rate Target for Franc, Schlegel Says
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(Bloomberg) — The Swiss National Bank doesn’t target a specific exchange rate, President Martin Schlegel said, repeating the central bank’s position that it has a greater willingness to intervene in the franc.
Swiss 10-Million Cap Damage Can’t Be Easily Dodged, Lombard Says
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(Bloomberg) — The strict limits Switzerland must implement in a proposal to cap its population at 10 million would make economic fallout hard to avoid, according to Lombard Odier.
Swiss Watch Exports Drop, Skewed by 2025 Rush Before US Tariffs
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(Bloomberg) — Swiss watch exports fell in April from a year earlier, when companies were rushing to get stock into the US ahead of higher tariffs.
Swiss Dental Startup vVardis Is Preparing for US IPO
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(Bloomberg) — vVardis Holding AG, a Swiss dental startup, is working with banks for a US initial public offering that could come this year, according to people familiar with the matter.
Stocks Rise on Trump’s Iran Remarks, AI Optimism: Markets Wrap
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(Bloomberg) — A rebound on Wall Street drove stocks to all-time highs as President Donald Trump said talks with Iran are continuing at a rapid pace, with the market also rising on renewed artificial-intelligence enthusiasm.
Swiss Economy Grew Less Than Estimated at Start of the Year
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(Bloomberg) — Switzerland’s economy grew slightly less than initially reported in the first quarter, weighed down by stalling consumer demand and a drop in investment.
US Jobs Report Set to Reveal Solid Growth, Steady Unemployment Rate
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(Bloomberg) — Jobs week is coming up in the US, with a whole slate of indicators on the state of the labor market culminating on Friday with the government’s official report on employment for the month of May.
Fed’s Williams Quips Economist Jobs Are Safe as AI Shift Unfolds
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(Bloomberg) — The implications of artificial intelligence gripped global central bankers in Iceland this week, with one Federal Reserve official joking that it won’t put economists out of business.
S&P 500 Powers Historic Weekly Run on US-Iran Bets: Markets Wrap
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(Bloomberg) — Hopes that a ceasefire deal could pave the way for an end to the Iran conflict drove stocks to a historic streak of weekly gains, with the market also buoyed by the artificial-intelligence trade.
